Sensex extends losses, ends 369 pts down
It was another day in the red for bank, realty, capital goods and power stocks as participants pressed heavy sales in these sectors amid growing concerns over declining growth. Oil, auto and FMCG stocks too had a weak outing.
Metal stocks opened on a firm note but pared their gains as the session progressed. Select pharma stocks edged higher on stock specific support. Information technology stocks moved up thanks to the rupee's decline against the US dollar.
Stockometer Top gainers Worst losers
Weak US and Asian markets, a surge in crude oil prices and the market regulator SEBI's decision to refrain from altering the guidelines on FII investments through participatory notes were among the factors that contributed to the market's fall today. Also, investors appeared reluctant to pick up stocks ahead of release of inflation data and a long weekend.
While the 30 share BSE sensitive index Sensex, which nosedived to a low of 14,686.66 in late afternoon trade, ended the day with a loss of 368.94 points or 2.44% at 14,724.18, the broader 50 stock Nifty index of the National Stock Exchange settled with a loss of 98.35 points or 2.17% at 4430.70, near its intra-day low of 4421.25.
IT bellwether Infosys Technologies (3.95%) ruled firm right through the session today. Satyam Computer Services gained 1.4%. Tata Consultancy Services edged up by 0.45% while Wipro failed to retain gains and ended in the negative territory.
Tata Power (1.6%), Sterlite Industries (1.2%) and Tata Steel (0.95%) closed on a firm note. Ranbaxy Laboratories edged up marginally. Realty stock DLF went down by 8.65%. Jaiprakash Associates and Reliance Infrastructure lost around 7.75%. State Bank of India eased by 6.2%. ICICI Bank and HDFC Bank lost over 5%.
Capital goods heavyweights Larsen & Toubro (down 4.8%) and BHEL (down 4.45%) posted sharp losses. Reliance Communications slipped by 3.75%. HDFC Bank ended 3.45% down. Maruti Suzuki, ACC, Reliance Industries, Hindalco and NTPC lost 2.5% - 3%.
Hindustan Unilever, ITC, Mahindra & Mahindra, ONGC and Grasim Industries also closed with sharp losses. Tata Motors and Bharti Airtel lost around a quarter per cent each.
Punjab National Bank, Unitech, Tata Communications, Hero Honda, Ambuja Cements, Zee Entertainment, Nalco, Power Grid Corporation, Dr. Reddy's Laboratories, BPCL, Idea Cellular and ABB ended sharply lower today. HCL Technologies, Cairn India, Sun Pharmaceuticals and Cipla closed on a positive note.
As selling pressure took a toll of midcap and smallcap stocks as well, the market breadth was weak today. Out of a total of 2730 stocks traded on BSE, 1849 stocks closed weak. 811 stocks ended higher and 70 stocks closed flat.
---------------------------------------------
Other Top stories:
Windfall pay revision for Central staff
Rate sensitives drive market lower
Reliance Comm adds 1.75 million users in July
Govt nods 21% pay hike
Govt nod for 6th Pay Commission report
Impact on inflation factored in: FM
Analysts' view on wage hike
Pvt PFs can invest 15% assets in shares
3G rollout may be delayed on ministry hurdle
Facebook pips MySpace to become top social networking site
Bharti set to beat BSNL as biggest
BHEL lines up $2.5 bn investment in next 4 years
India most optimistic economy: Report
India Inc logs $27 bn fall in M&As: Report
Cabinet approves Sixth Pay Commission recommendations
Source:Sify,ET,UTV
This blog is for providing daily news of Corporate Indian Stories, Corporate Results, Equities, MFs, Banking,Insurance, Brokerages Informations, World Business, Venture Capital, Angel Investors, BSchools, MBAs,Jobs, Politics & something Interesting.Our team will be grateful to the owners of various Indian/world/govt sites to refer their sites to get INFORMATION without objection.Request viewers to make verification about the information. Blog is not responsible for any faulty information.
Showing posts with label Sensex extends losses. Show all posts
Showing posts with label Sensex extends losses. Show all posts
14 August 2008
12 November 2007
Sensex extends losses, ends 170 pts down
Sensex extends losses, ends 170 pts down
A splendid rally in afternoon trade notwithstanding, the Sensex ended in the negative territory with a big loss for the sixth successive session (including the one on November 9, 2007) today. Bank, capital goods, power and metal stocks, among the severely hammered in morning trade, were the ones to bounce back strongly towards the end of the session.
Auto, healthcare and PSU stocks too rebounded smartly. Oil and information technology stocks failed to find support. Select midcap stocks regained lost ground and posted sharp gains.
According to a data released by the government this afternoon, India's industrial output in September 2007 rose 6.4% from a year earlier, sharply lower than annual growth of 10.7% in August 2007 due to sluggish manufacturing and electricity output. Manufacturing production rose 6.6% in September 2007 from a year earlier, compared with a provisional annual growth of 10.4% in August 2007.
While deepening crisis in the US subprime market dented investor confidence in morning trade, short-covering in select blue chip stocks and a recovery in European markets pulled the indices out from lower levels during the final hour of trade.
The Sensex, which crashed by nearly 575 points to 18,333.21 in early trade this morning, ended with a loss of 170.33 points or 0.9% at 18,737.27, around 74 points down from a high of 18,815.11 it touched in late afternoon trade. The Nifty settled at 5617.10, down 0.81% or 46.15 points from its previous closing mark. In intra-day trades today, the Nifty touched a low of 5477.50.
FMCG heavyweights ITC (5.3%) and Hindustan Unilever (2.85%) ruled firm almost right through the session. NTPC powered its way up smartly to record a handsome gain of 5.05%. State Bank of India, which rallied to a high of Rs 2252.90, settled with a gain of 3.45% at Rs 2237.15. Cipla (2.6%), Hindalco (2.3%), Ambuja Cements (1.45%) and Grasim Industries (1.3%) ended on a firm note.
Larsen & Toubro, which tumbled to Rs 3969 in early trade, ended at Rs 4167.302, netting a gain of nearly a per cent. ICICI Bank and Maruti Suzuki closed with modest gains at Rs 1146.65 and Rs 993.20 respectively. Nifty stock Siemens notched up a gain of 3.25%. SAIL moved up by around 2.3%. Punjab National Bank, Sun Pharmaceuticals, Unitech, Tata Power, Nalco and GlaxoSmithKline Pharma ended with sharp to moderate gains.
ONGC, the biggest loser from the Sensex pack, eased by as much as 4.75%. Bharti Airtel closed with a loss of 4.25%. HDFC Bank lost a little over 4%. Infosys Technologies (down 3.6%), Satyam Computer Services (down 3.2%), Mahindra & Mahindra (down 3.15%), Bajaj Auto (down 2.8%), Tata Steel (down 2.25%), Tata Consultancy Services (down 2.2%), Reliance Industries (down 2.15%) and Reliance Communications (down 2.05%) went down sharply.
ACC, Tata Motors, BHEL, Ranbaxy Laboratories and Reliance Energy lost 1% - 2% from their previous closing levels. Wipro ended with a loss of a little over half a per cent. HDFC, which moved in a tight band today, closed 0.4% down at Rs 2512.60. GAIL India, Hindustan Petroleum Corporation, Sterlite Industries, Reliance Petroleum, ABB, MTNL, HCL Technologies, Suzlon Energy, Zee Entertainment, BPCL and VSNL finished with sharp losses today.
Neyveli Lignite Corporation vaulted 16.55% to Rs 194.70. Mangalore Refineries & Petrochemicals zoomed 14.45% to Rs 99.20. Essar Oil jumped nearly 11.5%. i-Flex Solutions posted a hefty gain of 9.45%. Mirc Electronics, Welspun Gujarat, HMT, Balaji Telefilms, Ispat Industries, IDFC, Bongaigaon Refinery and iGate Global Solutions moved up by 6% - 9% today.
Century Textiles, Chennai Petroleum Corporation, Syndicate Bank, Aban Offshore, Jindal Steel, IDBI, Sesa Goa, Tata Chemicals, Dish TV, Balrampur Chini, Bajaj Hindustan, Sintex Industries, Biocon, JP Hydropower, Tanla Solutions and IFCI were among the other prominent gainers today.
Lanco Infratech, United Phosphorus, Bank of India, Puravankara Projects, Asian Paints, Jet Airways, DLF, ING Vysya Bank, Pidilite Industries, Century Enka, Cadila Healthcare, IPCA Laboratories, Union Bank of India, Aditya Birla Nuvo, Nicholas Piramal and Arvind Mills ended with sharp losses. The market breadth, despite some strong buying in late afternoon trade, remained weak. Out of 2768 stocks traded on BSE today, 1697 stocks ended in the negative territory. 1017 stocks closed on a positive note and 54 stocks ended unchanged from their previous closing levels.
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.sify.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
A splendid rally in afternoon trade notwithstanding, the Sensex ended in the negative territory with a big loss for the sixth successive session (including the one on November 9, 2007) today. Bank, capital goods, power and metal stocks, among the severely hammered in morning trade, were the ones to bounce back strongly towards the end of the session.
Auto, healthcare and PSU stocks too rebounded smartly. Oil and information technology stocks failed to find support. Select midcap stocks regained lost ground and posted sharp gains.
According to a data released by the government this afternoon, India's industrial output in September 2007 rose 6.4% from a year earlier, sharply lower than annual growth of 10.7% in August 2007 due to sluggish manufacturing and electricity output. Manufacturing production rose 6.6% in September 2007 from a year earlier, compared with a provisional annual growth of 10.4% in August 2007.
While deepening crisis in the US subprime market dented investor confidence in morning trade, short-covering in select blue chip stocks and a recovery in European markets pulled the indices out from lower levels during the final hour of trade.
The Sensex, which crashed by nearly 575 points to 18,333.21 in early trade this morning, ended with a loss of 170.33 points or 0.9% at 18,737.27, around 74 points down from a high of 18,815.11 it touched in late afternoon trade. The Nifty settled at 5617.10, down 0.81% or 46.15 points from its previous closing mark. In intra-day trades today, the Nifty touched a low of 5477.50.
FMCG heavyweights ITC (5.3%) and Hindustan Unilever (2.85%) ruled firm almost right through the session. NTPC powered its way up smartly to record a handsome gain of 5.05%. State Bank of India, which rallied to a high of Rs 2252.90, settled with a gain of 3.45% at Rs 2237.15. Cipla (2.6%), Hindalco (2.3%), Ambuja Cements (1.45%) and Grasim Industries (1.3%) ended on a firm note.
Larsen & Toubro, which tumbled to Rs 3969 in early trade, ended at Rs 4167.302, netting a gain of nearly a per cent. ICICI Bank and Maruti Suzuki closed with modest gains at Rs 1146.65 and Rs 993.20 respectively. Nifty stock Siemens notched up a gain of 3.25%. SAIL moved up by around 2.3%. Punjab National Bank, Sun Pharmaceuticals, Unitech, Tata Power, Nalco and GlaxoSmithKline Pharma ended with sharp to moderate gains.
ONGC, the biggest loser from the Sensex pack, eased by as much as 4.75%. Bharti Airtel closed with a loss of 4.25%. HDFC Bank lost a little over 4%. Infosys Technologies (down 3.6%), Satyam Computer Services (down 3.2%), Mahindra & Mahindra (down 3.15%), Bajaj Auto (down 2.8%), Tata Steel (down 2.25%), Tata Consultancy Services (down 2.2%), Reliance Industries (down 2.15%) and Reliance Communications (down 2.05%) went down sharply.
ACC, Tata Motors, BHEL, Ranbaxy Laboratories and Reliance Energy lost 1% - 2% from their previous closing levels. Wipro ended with a loss of a little over half a per cent. HDFC, which moved in a tight band today, closed 0.4% down at Rs 2512.60. GAIL India, Hindustan Petroleum Corporation, Sterlite Industries, Reliance Petroleum, ABB, MTNL, HCL Technologies, Suzlon Energy, Zee Entertainment, BPCL and VSNL finished with sharp losses today.
Neyveli Lignite Corporation vaulted 16.55% to Rs 194.70. Mangalore Refineries & Petrochemicals zoomed 14.45% to Rs 99.20. Essar Oil jumped nearly 11.5%. i-Flex Solutions posted a hefty gain of 9.45%. Mirc Electronics, Welspun Gujarat, HMT, Balaji Telefilms, Ispat Industries, IDFC, Bongaigaon Refinery and iGate Global Solutions moved up by 6% - 9% today.
Century Textiles, Chennai Petroleum Corporation, Syndicate Bank, Aban Offshore, Jindal Steel, IDBI, Sesa Goa, Tata Chemicals, Dish TV, Balrampur Chini, Bajaj Hindustan, Sintex Industries, Biocon, JP Hydropower, Tanla Solutions and IFCI were among the other prominent gainers today.
Lanco Infratech, United Phosphorus, Bank of India, Puravankara Projects, Asian Paints, Jet Airways, DLF, ING Vysya Bank, Pidilite Industries, Century Enka, Cadila Healthcare, IPCA Laboratories, Union Bank of India, Aditya Birla Nuvo, Nicholas Piramal and Arvind Mills ended with sharp losses. The market breadth, despite some strong buying in late afternoon trade, remained weak. Out of 2768 stocks traded on BSE today, 1697 stocks ended in the negative territory. 1017 stocks closed on a positive note and 54 stocks ended unchanged from their previous closing levels.
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.sify.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Labels:
ends 170 pts down,
Sensex extends losses
Subscribe to:
Posts (Atom)